e-Nexon to contribute 5% of company's PV sales soon: Tata Motors CFO

Firm plans to launch 10 electric vehicles by 2025, N Chandrasekaran, chairman, Tata Motors said in a letter to shareholders

The e-Nexon, the electric version of the Nexon, has helped the company to increase the share of EVs in the company's total passenger vehicle sales and will soon account for 5 per cent in total sales, P B Balaji, chief financial officer, told reporters during the earnings call. The share of e-Nexon has been rising consistently.  Tata Motors retailed a total of 53,800 cars in June quarter, up 189 per cent year-on-year.

The e-Nexon contributed one per cent in FY20, climbing up to 2 per cent in FY21. It now accounts for 3 per cent in its overall volumes. “In